Brendan Wood International
Toronto, Canada
9am EST
December 11th, 2015
FOR IMMEDIATE RELEASE
According to Brendan Wood Poll: Canadian Oil Sands Shareholders Aligned With Suncor Bid
In Brendan Wood’s ongoing poll sixty percent of Canadian Oil Sands’ institutional shareholders report favoring the Suncor offer. Mr. Seymour Schulich, an outspoken individual investor, is treated as an institutional investor in the poll due to the size of his holdings. Mr. Schulich has been against the Suncor bid in public statements.
In early polling the retail community is somewhat more in favor, however last week some of the larger retail holders were being advised to hold out for a better price.
“As of Monday the retail vote looked like up to 76% in favor of Suncor, but it’s a little too early to call. The retail holdings are not only in the majority but also diversely held. A conclusive result depends upon a cross alignment of number of investors and voting weight. Holders’ views are moving around a little depending upon the advice they are getting. The change in the oil price makes this an interesting poll to call. One issue that shareholders are almost unanimously agreed upon is their view of Canadian Oil Sands’ management and board, the confidence ratings are amongst the lowest in the sector and have been for years,” said Jordan Novak, Managing Director, Brendan Wood International.
The poll continues and will be updated next week.
Brendan Wood International (BWI) is an independent performance advisor and proxy polling firm which rates the management performance of 1400+ prominent names in the public markets worldwide. Committed to an even playing field and optimal transparency, BWI intelligence is available to investors and corporate clients alike. BWI also serves investment banks and broker dealer firms, providing competitive intelligence and performance counselling concerning their client relationships. Brendan Wood and partners have conducted more than one thousand off sites and management conferences in fifty cities. Originators of the TopGun recognition program, BWI represents TopGun talent and offers placement services to clients seeking game changer executives and professionals.
BWI emphasizes that all reports, evaluations and assessments, represent Brendan Wood International’s subjective judgment and opinions, based on our years of experience and on information obtained by us in the course of our research. The factual information contained in our reporting has been obtained by us from third parties on whose responses we have relied in good faith, independent verification by Brendan Wood International being, under the circumstances, impossible. While we believe our reports to be an invaluable tool in formulating independent thinking, strategies and judgments of readers, the foregoing should be borne in mind.
BWI reports and releases are not meant as investment advice and should not be interpreted as advising on the value of a company’s securities, the advisability of investing in, purchasing or selling any company’s securities or any other conclusion relating to investment/divestiture of a company’s securities. Finally, BWI reporting is not intended as an offer or solicitation for the purchase or sale of any of company’s securities.
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www.TopGunPress.com
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Contacts:
Jordan Novak
Managing Director
Brendan Wood International
jnovak@brendanwood.com
+1 416 924 8110
Amanda Knott
Panel Manager
Brendan Wood International
aknott@brendanwood.com
+1 416 924 8110
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